The currency pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 2609.85 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 2768.78 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3038.45 |
| 2nd High | 2828.65 |
| Next High | 2768.78 |
| Current Price | 2420.840000000 |
| Next Low | 2609.85 |
| 2nd Low | 2512 |
| 3rd Low | 2474.24 |
2768.78 – 2828.65 – 3038.45 – 2609.85 – 2636.01 – 2689 —
2643.450000000 – 2551.260000000 —
30.809624774735 – 18.487768674138 —
– —
2768.78000 – 1769772600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –